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U.S. crude oil futures settled at $92.16 a barrel, up $1.64, or 1.81%.

2026-09-24

U.S. crude oil futures settled at $92.16 a barrel, up $1.64, or 1.81%.

Other News
2026-09-23

Iranian President PEZESHKIAN said Iran has not attacked another country in the past 200 years and has built its capabilities to protect national security, not to treat neighbors as adversaries. On the Strait of Hormuz he warned that, under sanctions,

Iranian President PEZESHKIAN said Iran has not attacked another country in the past 200 years and has built its capabilities to protect national security, not to treat neighbors as adversaries. On the Strait of Hormuz he warned that, under sanctions, Iran cannot allow some countries unrestricted use of the waterway while those countries use it to carry out attacks against Iran. He said Iran will not yield to military pressure and is prepared to negotiate without using force, pursue diplomatic solutions.
2026-09-23

Fitch expects the oil market to return to a large surplus in 2027. The agency still sees prices falling next year but has raised its 2027 price forecast to $70/bbl from $65/bbl, citing a longer-than-expected Middle East conflict and a higher geopolit

Fitch expects the oil market to return to a large surplus in 2027. The agency still sees prices falling next year but has raised its 2027 price forecast to $70/bbl from $65/bbl, citing a longer-than-expected Middle East conflict and a higher geopolitical risk premium. Analysts Brian Coulton and Alex Muscatelli say forecasts carry high uncertainty; a US–Iran agreement in Q1 2027 could shift price determination back toward supply-demand fundamentals. Upside risk: sustained geopolitical uncertainty could lift next year’s average to $85/bbl; Downside risk: rapid supply restoration could push it to $55/bbl.
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